National News for February 2023
- Progressive CEO: Early Rate Actions Helped Growth
- Visa, Mastercard Pause Crypto Push in Wake of Industry Meltdown
- Murdoch Testified Fox News Hosts Endorsed Idea That Biden Stole Election
- Cyber Official Urges Microsoft, Twitter to Boost Security
- Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus
- Tesla, Musk Sued by Shareholders Over Self-Driving Safety Claims
- U.S. Supreme Court to Hear Fight Over Consumer Watchdog Agency’s Funding
- TD, Other Banks Reach $1.35B Settlements to End Stanford Litigation
- Hurricanes Moving Farther North to Pummel Millions More Homes in US
- Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks
- Norfolk Southern Cleared by EPA to Resume Ohio Waste Shipments
- Berkshire Hathaway Reports First Underwriting Loss Since 2017, Drop in GEICO Staffing
- Winter Storms Ravage Multiple States
- States Look to Remove Legal Protections for Gun Industry
- What P/C Insurance Leaders Read; Carrier Management Classics
- Commercial Insurance Price Increases Stay Level But Clients Still Worried: CIAB
- Liberty Mutual Tackling U.S. Personal Lines Challenges
- Earlier Warning Might Have Spared Ohio a Derailment, NTSB Says
- People Moves: Liberty Mutual Names Orloff President, GRS, Middle Market; Risk Strategies Appoints a COO
- Insurers’ Digital Claims Tools Failing Customers: J.D. Power
- Root Books Another Net Loss; Stays Positive on Embedded Insurance Results
- Chubb Announces Name of New Global Climate Unit, Appoints 3 Execs
- With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23
- Meta Loses Bid to Toss $175M Verdict in Streaming Patent Case
- Trade Group Argues SEC Case Unfairly Labels Crypto as Securities
- Epstein Victims Say Banks Chose Profits Over Following Law
- People Moves: AXIS Appoints Galanski Head of N.A. P/C Programs; Ningen Named Swiss Re CEO of U.S. P/C
- Viewpoint: Four Approaches to Expand Commercial P/C’s Market Relevance
- Stablecoin Regulatory Crackdown Sends Warning to Industry
- Bird Flu Costs Pile Up as Outbreak Enters Second Year
- Norfolk Southern Ordered to Clean Polluted Ohio Derailment Site
- Tesla Fatal Crash With Fire Truck Draws Regulator Inquiry
- Higginbotham Looks Back at 75 Years as Independent Agency
- J&J Rejected by Supreme Court Over $302 Million Vaginal-Mesh Award
- Supreme Court Begins Hearing Challenge to Internet Firms’ Legal Shield
- Root Granted Restraining Order Against Former CMO it Says Stole About $10M
- ‘Strike Force’ to Thwart Theft or Use of Disruptive Technology
- Buttigieg Urges U.S. Railroads to Boost Safety, Not Oppose Reforms
- PCF Insurance Secures $500M Investment
- NCAA Asks Appeals Court to Block Pay for Student-Athletes
- Goose Insurance Closes $4M Series A Funding Round
- Tesla Recalls 362,000 Vehicles Over Full Self-Driving Software
- Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming
- Poll: Almost Half the Nation Thinks Climate Change is Here and Now
- Google Case at Supreme Court Risks Upending the Internet as We Know It
- Litigation Funders Deployed $3.2B in U.S. Investments Last Year
- Insurer Faces Class Action for Depreciating Labor in Actual Cash Value Payments
- Stone Point to Acquire Stake in Truist Insurance for Nearly $2B
- Markets/Coverages: Berkley, Talage Partner for Workplace Violence Coverage
- AIG Sees Q4 Profit Fall but General Insurance Underwriting Jumps 27%
- Travel Insurance to Take Off as Year-End Cancellations Spook Flyers
- Unfavorable Reserve Development of $330M in January: Progressive
- FAA Forms Safety Review Team After Near Miss Incidents
- Why Not Go Direct on Homeowners, Allstate CEO Asks
- J&J Must Face Baby Powder Suit by 24-Year-Old Dying of Cancer
- BriteCo Launches Independent Agent Program
- Hyundai, Kia Offer Software Upgrade to 8.3 Million Vehicles to Prevent Thefts
- Fox News Must Face Smartmatic’s Lawsuit Over Election-Rigging Claims
- Ransomware Attacks on Industrial Firms Increased by 87% in 2022
- Coalition Cyber Insurance Now Offered to Large Enterprises With Revenue Up to $5B
- Nurse Practitioner Claims Have Increased Since 2017 but COVID Effect Yet to Play Out
- Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth
- J&J Talc Unit Faces Bankruptcy Judge After Tactic Rejected
- AIG, Stone Point Capital to Form Independent MGA for High Net Worth Business
- Actions vs. Talk: Is the Insurance Industry Coming Through on DEI Commitments?
- Alcon to Pay Johnson & Johnson $199M to Settle Eye-Laser Cases
- US, UK Sanction Russians Tied to TrickBot Hacking Gang
- Appeals Arguments Begin in Boy Scouts of America Bankruptcy
- Liberty Mutual Launches Global Cyber Office to Better Manage Complex Cyber Risks
- As ChatGPT’s Popularity Explodes, U.S. Lawmakers Take an Interest
- Viewpoint: Used-Vehicle Prices May Be Cresting but Insurers Still Underwater
- Car-Data Firms Flop as Automakers See Dollar Signs in Software
- Judge Rejects Family Members’ Bid to Reopen Boeing 737 MAX Plea Deal
- People Moves: Liberty Mutual Names Korte to New Underwriting Leadership Position; CFC Appoints Bailey Cyber Underwriting Leader
- CEO Viewpoint: It’s No Longer Enough to Just Insure
- Facebook Hit With $1 Million Fine Tied to User-Privacy Lawsuit
- NFL Is Sued for ‘Systematic Bias’ in Denying Former Players’ Disability Claims
- Insurance Office Of America Names CEO, President
- Markets/Coverages: Ryan Specialty Forms Transactional Risk Practice; Corvus Launches ‘All-in-One’ UW Platform
- Fraudulent Instruction, Data Theft Trends to Continue in 2023: Beazley
- ‘Call of Duty’ Maker Activision Blizzard to Pay $35M Over SEC Charges
- NFL Must Face Class Action Lawsuit Over ‘Sunday Ticket’ Prices
- The Super Bowl Is Coming… Are Your Clients Planning Accordingly?
- Granada Financial Agrees to Acquire Controlling Interest in Topa Insurance Group
- People Moves: QBE North America Makes Key Executive Appointments
- Nearly 60 Hair Relaxer Lawsuits Against L’Oreal, Others Consolidated in Federal Court
- Lawmakers Focus on Aviation Safety After 2 Near-Miss Crashes
- Samsung Chip Plant Sues Insurer Over $400 Million in Storm Damage Claims
- Viewpoint: Interest in America’s World-Class Crop Insurance Continues to Grow
- Wells Fargo to Pay $300M to Settle Suit Over Auto Insurance Disclosures
- People Moves: Liberty Mutual Hires Larson From CNA; Markel Names Gendron CFO; Chaplick Joins Risk Strategies
- Ransomware Outbreak Hits US and European Universities, Florida Supreme Court
- Companies Pledge Millions in Fed Effort to Stem Road Deaths
- First Sweeping Federal Gun Crime Report in 20 Years Released
- Nearly 60 L’Oreal Hair Relaxer Lawsuits Consolidated in Illinois Federal Court
- The Hartford Net Income Down 19% in Q4
- CNA Reports Q4 earnings of $248 Million
- Getty Images Lawsuit Says Stability AI Misused Photos to Train AI
- Root Sues Former CMO Over At Least $9.4M in Unauthorized Payments
- Allstate’s Plan to Return to Profit in Auto
- U.S. Military Members Suing 3M Seek Dismissal of Subsidiary’s Bankruptcy
- Hackers Who Breached ION Say Ransom Has Been Paid; Company Declines Comment
- FTC Is Preparing Potential Antitrust Case Against Amazon
- Tech Trends Unpacked at Insurtech Summit
- Tesla’s Elon Musk Found Not Liable in Trial Over 2018 ‘Funding Secured’ Tweets
- People Moves: DUAL Hires Chief Risk Officer, Actuarial Lead; Allianz Nabs Chubb COO to Head N.A. Financial Lines
- FedEx Loses Bid to Undo $366M Racial Bias Verdict, Files Appeal
- Securities Fraud Trial Over Elon Musk’s 2018 Tweets Draws to a Close
- Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
- U.S. CFTC Traders Report Delayed by Ransomware Attack on Data Firm ION
- Workers Comp Insurtech Pie Transitions to Full-Stack Carrier
- Amazon Fined for Worker Safety Violations in Three States
- California Climate Bills Requiring Broad Disclosures Have National Implications
- The Hanover Reports $11M Q4 Loss
- General Motors Files to Trademark ‘GM Financial Insurance Company’ Name
- Gas Stoves Are Back Under Scrutiny With New Limits Proposed
- U.S. Justice Department Seeks Tesla Driver-Assist Documents
- Allstate Reports $310M Q4 Loss as Auto Claims Costs Motor Past Rate Hikes
- Shell Accused of Greenwashing by Climate Group in SEC Claim
- GoodRx Pays $1.5 Million to Settle Health Privacy Allegations
- Marsh McLennan Names Tomlinson CEO for U.S. and Canada
- Chubb Q4 Net Income Down 39%
- Attacks on U.S. Power Grids Rose to All-Time High in 2022
- MPL Insurers Curi and Constellation Agree to Merge
- Insurers Leery of Hyundais and Kias Famous on Social Media for Being Easy to Steal
- Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges
- Denial-of-Service Attacks Rise, Raising Concerns for Banks
- People Moves: Batt Is Trium Cyber Head of Product; Tyng New Lead of HDI U.S. Captive Solutions; SiriusPoint Names Sigle Head of Claims; HUB Hires Chief HRO
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